Where have people consolidated their debt?

[glen]

?

 

[RossMAN]

Unless you have collateral it will be difficult to get an unsecured debt consolidation loan.

Your local bank or credit union is a good place to start.

 

[Jadow]

I had:
$4500 home equity loan at 6%
$6600 on a Mastercard from a balance transfer at 3.99%

I got an offer from my At&T mastercard for 1.99% balance transfer for the life of the balance, and no fee. So I took the whole load and threw it on that. It's sweet. The only rule is, NO CHARGING ON THAT CARD EVER since they put that money at the very end and you always pay the higher rate on that until the balance transer debt is all gone.

I know the home equity was tax deductible, but 1.99 is still better than 6% with a tax deduction.

I used that money to finish building my house and finish the basement so it's good debt, if there is such a thing. I'm paying $500 / month towards it so it won't be around for too long!

 

[DaveSimmons]

Be careful, most of the TV, radio, newspaper, email ads are for places with very high fees and/or interest.

Many of the "non-profit" companies are really fronts for for-profit ones. The non-profit feeds you to the for-profit which actually does the loan.

 

[spidey07]

I just talked to irwin union